{"id":12747,"date":"2023-07-27T16:40:18","date_gmt":"2023-07-27T14:40:18","guid":{"rendered":"https:\/\/www.roncucciandpartners.com\/?p=12747"},"modified":"2023-07-31T15:27:50","modified_gmt":"2023-07-31T13:27:50","slug":"italy-and-south-africa-strong-partners-for-economic-development","status":"publish","type":"post","link":"https:\/\/www.roncucciandpartners.com\/en\/2023\/07\/27\/italy-and-south-africa-strong-partners-for-economic-development\/","title":{"rendered":"Italy and South Africa: strong partners for the economic development of a continent"},"content":{"rendered":"
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South Africa’s is the most advanced and diversified economy on the African continent<\/strong> and<\/strong> is not only a market of great interest in terms of size<\/strong>, but is also the gateway to sub-Saharan African countries due to its infrastructure network, the presence of internationally recognised financial institutions and the independence of the judiciary.<\/p>\n

It is Africa’s second largest economy after Nigeria in terms of gross domestic product volume and the post-Covid growth recovery is now largely underway.<\/p>\n

Diplomatic and economic relations between Italy and South Africa have always been relaxed<\/strong>, which has made communication and business between the two countries smooth.<\/p>\n

With a view to boosting South Africa’s attractiveness, then, President Cyril Ramaphosa launched a development conference aimed at national and international investors at the end of 2022<\/strong>, during which he illustrated the measures envisaged in a stimulus plan to boost investment in numerous sectors, starting with urban, residential and tourism infrastructure.<\/p>\n

There is a strong demand for Made in Italy products in South Africa, with Italian exports amounting to EUR 2.4 billion per year, mainly consisting of agricultural mechanics, automotive, food processing plants, renewable energy and construction. Also worth mentioning are the 3Fs: food, supplies and fashion<\/strong>.<\/p>\n

\"Sudafrica:
Errol Gradwell, Rokshana Gradwell, Stella Occhialini, Giovanni Roncucci<\/figcaption><\/figure>\n

A gateway to all of South Africa<\/strong><\/h2>\n

South Africa<\/strong> must be seen not only as a market in its own right, but also as a platform for the whole African Continent <\/strong>and as an ‘influencer’ country for big investments, research and development<\/strong>.<\/p>\n

Indeed, its strong collaboration with the Italian state<\/strong> is also manifested in the fields of research and economic development. There are many areas of collaboration:<\/p>\n